as its first chief financial officer as it looks to expand its growth strategies and capital management.
"One of my first priorities will be to help identify strategic growth areas with the leadership team, and then ensure we have the right financial plans in place to go after them," Commons said in a statement. Commons, who is a Chartered Financial Analyst and holds an MBA from Harvard Business School, previously was president at Commons Partners LLC., an executive advisory firm that included clients both in the cryptocurrency and technology industry, according to the statement. Prior to that, he was the CEO, chairman and co-founder of Cambridge Blockchain, which built blockchain products for traditional finance firms.
"He [Commons] understands blockchain technology, has been a successful entrepreneur and CEO within our industry, managed high-performing teams, led strategic planning and corresponding capital raises, executed [mergers and acquisitions] activities and worked extensively with the investment community," said W. Sean Ford, interim CEO of Algorand.
The former chief operating officer of Algorand, Ford was elevated to the CEO role last year after previous CEO G. Steven KokinosAlgorand, a proof-of-stake layer 1 blockchain, was founded in 2017 by MIT professor and cryptographer Silvio Micali. The protocol is designed as a payments-focused network, focusing on transaction speed and scalability., to support cross-chain communications as well as increase transaction speed to 6,000 transactions per second from 1,200.
Algorand Seems like the right move given the recent months lack of financial planning 😅👀
Algorand Lol
Algorand ALGORAND is working for its growth
Algorand Matthew is the best man for the job
Algorand Great. Algorand is also one of my favourites.
Algorand I hope a great future
Algorand Cool
Algorand Will be a good decision 👀🔥
Algorand Hope he proves good for the project
Algorand It seems that he has a lot of experience.
Algorand 'Human capital' on Ⱥlgorand is 🔥 The future is bright 🤞😉
Algorand I can’t stop praising L_C_S_R for their tireless efforts in getting back my stolen ETH from my CB account worth $28343 and also helping me recover my CB account that was also hacked, they are trusted and reliable. Reach out to them now to get your account fix❤️
Algorand GoAlgorand
Algorand Most influencial news of the day!!!!
Algorand I am sure they will achieve many successes in this beginning
Algorand Congratulations to Matthew for his new job
Algorand This is good to see, they are thinking large and that shows how far they have gone
Algorand Algorand made a good luck for that position.. wishing them all the best .
Algorand It will be interesting to see how they leverage his expertise in scaling financial operations and driving growth.
Algorand Oh really..that's awesome and I believe he's more than capable for the job 👏👏
Algorand With the addition of Matthew Commons as CFO, Algorand is likely to strengthen its position as a leading blockchain protocol 🔥
Algorand That'll be a great help for Layer 1 Blockchain protocol.
Algorand Good job
Algorand This goes for more growth 💪
Algorand Let's see how his work will be
Algorand Congratulations
Algorand It's great to see Algorand expanding their team with the hiring of Matthew Commons as CFO. This move is a strong indication that the company is focused on growth and is looking to enhance its capital management strategies.
Algorand Algo has a very promising future!
Algorand May be it will be good decision 👏
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Source: CoinDesk - 🏆 291. / 63 Read more »